Stock Analysis

Volume, margin concerns likely to weigh on beer maker United Breweries

In the September quarter, the company's gross margins shrunk 104 basis points year-on-year to 42.8 per cent on account of an adverse product mix and inter-state transfer

Elara Securities sees up to 60% upside in BEML stock price; here's why

Elara Securities has maintained a 'Buy' on the stock, citing expected double-digit earnings growth during FY25-28E, and a rising order pipeline ensuring steady revenue visibility

Why Motilal Oswal sees Indus Towers' risk-reward as 'uncompelling' at CMP?

"While any potential relief for Vodafone Idea (Vi) is sentimentally positive for Indus Towers, we believe risk reward is uncompelling at the current market price," Motilal Oswal said

YES Sec turns bullish on Godawari Power; upgrades to 'Add'; raises target

YES Securities has also raised its target price on Godawari Power & Ispat to ₹277 per share from its previous ₹261

Nuvama trims Voltas FY26-27 earnings estimates amid demand woes

Voltas management has indicated that Q3FY26 trends are in line with internal expectations, with most sales still driven by products under the old energy rating table.

Q3 sales recovery, easing costs to drive gains for Godrej Consumer Products

Emkay Research points out that GST cuts have boosted consumer sentiment, and growth benefits are likely to be visible going ahead

Nuvama downgrades SAIL to 'Reduce' on weak steel margins, rising debt

Nuvama Institutional Equities has downgraded the Steel Authority of India (SAIL) to 'Reduce', flagging concerns around excess flat steel supply in India and weak steel margins

Silver upside, cost edge drive earnings upgrade case for Vedanta: Emkay

Vedanta share: At current spot prices, Emkay estimates FY27 Ebitda of about ₹25,800 cr, compared with consensus estimates of ₹22,000 cr, implying an upgrade potential of roughly 17 per cent.

Geojit cuts IndiGo target on regulatory scrutiny, competition pressure

Despite the airline's operational stability recovering to over 91 per cent, these factors are expected to constrain its short-term performance, said Geojit

ICICI Sec trims Havells target on near-term softness, but retains 'Buy'

ICICI Sec has trimmed its target price to ₹1,725, but has retained 'Buy' rating as it sees an attractive entry point for long-term investors post recent 20 per cent stock correction over 12 months

Motilal Oswal backs SBI as preferred pick; 7 reasons behind bullish call

The public sector lender, the analysts said, has delivered a strong performance in recent years, supported by steady business and revenue growth alongside well-contained credit costs

Brokerages back TCS as it doubles down on AI-led transformation

At the core of TCS's vision is a five-pillar framework designed to reorient the company from a digital-first services model to AI-centric enterprise transformation.

Geographic diversification, Palava to support Lodha growth, says Nuvama

Lodha Developers stock: This momentum, analysts believe, is underpinned by increasing geographic diversification, a broad-based product portfolio, & emerging value-unlocking opportunities at Palava.

Consumption momentum, new assets support Phoenix Mills' stock gains

Strong consumption growth, improving occupancies and a healthy pipeline of new assets are supporting Phoenix Mills' stock, prompting brokerages to upgrade earnings estimates

ICICI Sec starts coverage on Leela Palaces with 'Buy'; 45% upside seen

ICICI Securities has set a target price of ₹600 for Leela Palaces Hotels and Resorts, based on a 22x EV/Ebitda on December 2027 earnings estimates for its hotels business

Morgan Stanley sees re-rating for RIL; raises target, retains 'Overweight'

The report identifies multiple structural themes across RIL's portfolio-spanning energy, chemicals, retail and telecom-that together add up to over $50 billion in NAV

Emkay sees ENBD deal transforming RBL Bank; retains 'Buy,' raises target

RBL Bank's management indicated that regulatory approvals for the deal are expected by mid-Q4FY26

Astra Microwave set for growth; Motilal Oswal initiates coverage with 'Buy'

The brokerage views the company as a long-term investment in defense electronics, expecting its revenue growth to accelerate between FY27 and FY30

JM Financial retains 'Buy' on Eternal as Blinkit growth moderates in Q3FY26

According to JM Financial, Blinkit's net order value (NOV) growth is likely to slow to around 13 per cent Q-o-Q in Q3FY26, compared with 25 per cent and 27 per cent growth in Q1 & Q2, respectively.

Nuvama upgrades Tata Power to 'Hold' on improved FY30 growth visibility

The brokerage's view followed an analyst meet held at Tata Power's Odisha Technology Centre, where management reiterated its long-term growth roadmap.